Market Pulse ///
The author uses the VolFix trading and analytics platform.
Main methodology — Volume Analysis / Price Action / Market Profile.
Volume Area / RES / SUP / VWAP / Open Interest / Delta Hist. / Volume Hist. +
Volume analysis of the E-mini S&P 500 December contract, DEC26.
Chart
Timeframe: D1
Double Cluster: Volume/Delta
E-mini S&P 500 is recovering after the US congressional elections. It is still too early to say that this is the start of an uptrend. On Thursday, the Bank of England will announce its interest rate decision. Invisible forecasters expect the rate to be raised to 4.00%. The more expensive borrowing becomes, the less favourable the conditions for investment.
Open interest has been rising since the index made a new contract low. Over the coming days, it will be very important for investors to hold the price at the contract core.
If you are planning a trade this week, here are the key levels:
Contract core: 7740–7780
Volume resistance: 7808–7830
Volume support: 7570–7620
VWAP indicator: 7744
